Voss Capital, Lp Acquires 44,991 Shares of Flywire (NASDAQ:FLYW) Stock

Flywire Corporation (NASDAQ:FLYW) major shareholder Voss Capital, Lp bought 44,991 shares of the stock in a transaction on Wednesday, December 31st. The stock was purchased at an average price of $14.23 per share, for a total transaction of $640,221.93. Following the completion of the purchase, the insider owned 9,670,000 shares of the company’s stock, valued at approximately $137,604,100. This trade represents a 0.47% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Voss Capital, Lp also recently made the following trade(s):

• On Tuesday, December 30th, Voss Capital, Lp purchased 181,121 shares of Flywire stock. The shares were purchased at an average price of $14.15 per share, with a total value of $2,562,862.15.

Flywire Trading Down 0.3%

Shares of Flywire stock opened at $14.46 on Friday. The stock has a market capitalization of $1.77 billion, a P/E ratio of -722.64, a P/E/G ratio of 1.56 and a beta of 1.28. Flywire Corporation has a 52-week low of $8.20 and a 52-week high of $21.31. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.53 and a current ratio of 1.53. The stock’s 50-day simple moving average is $14.00 and its 200 day simple moving average is $12.99.

Flywire (NASDAQ:FLYW) last posted its earnings results on Tuesday, November 4th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.04. Flywire had a negative net margin of 0.42% and a positive return on equity of 0.80%. The firm had revenue of $194.10 million during the quarter, compared to the consensus estimate of $180.07 million. During the same quarter last year, the company earned $0.30 earnings per share. The company’s revenue was up 27.6% on a year-over-year basis. As a group, research analysts anticipate that Flywire Corporation will post 0.14 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on FLYW shares. Zacks Research raised Flywire from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 19th. UBS Group raised their target price on Flywire from $13.50 to $15.50 and gave the stock a “neutral” rating in a research note on Wednesday, November 5th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Flywire in a report on Wednesday, October 8th. Wolfe Research reissued an “outperform” rating and issued a $19.00 price target on shares of Flywire in a report on Wednesday, November 5th. Finally, Stephens reaffirmed an “equal weight” rating and set a $13.00 price objective on shares of Flywire in a research note on Monday, September 22nd. Five analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $14.81.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC lifted its position in Flywire by 194.9% during the second quarter. Nisa Investment Advisors LLC now owns 3,279 shares of the company’s stock valued at $38,000 after purchasing an additional 2,167 shares during the last quarter. Covestor Ltd raised its position in shares of Flywire by 217.9% during the 3rd quarter. Covestor Ltd now owns 3,233 shares of the company’s stock valued at $43,000 after buying an additional 2,216 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of Flywire by 78.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 5,681 shares of the company’s stock worth $66,000 after acquiring an additional 2,497 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in Flywire in the third quarter worth $67,000. Finally, CWM LLC grew its position in Flywire by 850.9% in the second quarter. CWM LLC now owns 6,447 shares of the company’s stock worth $75,000 after acquiring an additional 5,769 shares in the last quarter. 95.90% of the stock is currently owned by institutional investors.

Flywire Company Profile

Flywire Corp (NASDAQ: FLYW) is a global payments enablement and software company that specializes in facilitating complex cross-border transactions. Its cloud-based platform streamlines receivables and payer workflows across key verticals including education, healthcare, travel and hospitality, and commercial services. Flywire’s technology integrates with institutional systems to automate payment posting, reconciliation and reporting, aiming to improve the payer experience and accelerate cash flow for its clients.

Founded in 2009 by entrepreneur Iker Marcaide as peerTransfer, the company rebranded as Flywire in 2015.